N96 will retail at around £550, Mobile understands

The retail price of the highly anticipated Nokia N96 will be around £550, Mobile understands.

The N96 will not be released until October 1, but is available for pre-order in the Nokia stores.

It was revealed earlier this week that the N96 will not be ranged by O2, with the operator blaming low profit margins on the device. Instead O2 will focus on sales of the iPhone – the 16GB version will be released on 16 September for £400 on prepay, with the 8GB device costing £349.99.